PetroRio prepares drilling campaign for Campo de Frade

In a conference with investors, the company’s CEO, Roberto Monteiro, detailed some of the future steps of the oil company. On the exploratory side, the executive said that in March the company will start a new drilling campaign in the Campo de Frade field, in the Campos Basin. Also according to Monteiro, the campaign will receive US$ 210 million in investments. The company’s idea is to drill a production well and two other injection wells. The rig contracted to carry out the activities will be Norbe VI, from Ocyan.

Meanwhile, PetroRio’s CEO also stated that the company continues in negotiations with Petrobras for the purchase of the Albacora and Albacora Leste fields. The executive explained that conversations are now centered on the real size of the asset reserve, as the volume of the reservoir turned out to be better than initially anticipated. As a reminder, PetroRio entered into a consortium with Cobra to acquire the Albacora and Albacora Leste fields. The transaction will move US$ 4 billion, with PetroRio contributing US$ 3.4 billion.

Roberto Monteiro also commented that another focus of PetroRio in 2022 will be to increase the operational stability of the Polvo and Tubarão Martelo cluster. Despite the success of the tieback, carried out in the last year, PetroRio had, according to the CEO, some “little problems”, which were resolved throughout 2021. The interconnection project between Polvo and Tubarão Martelo had an investment of US$ 45 million and generated savings of US$ 50 million per year for the cluster, in line with the financial discipline efforts in the company’s culture.